About Funding Our Future

This Salt Lake City Funding Our Future program helps with needed housing services. This is a local funding source for our non-profit partners.

What is Funding Our Future?

Funding Our Future, or FOF, is a program that addresses critical needs in the city. It is funded each year with 0.5% of the city sales tax. Here in the Housing Stability Division, we focus on affordable housing services.

Our Housing Services

City FOF housing investment includes both development and services. Our office manages the service funding for the program. We do not fund housing development. We fund local non-profits who then provide services to the community. These services have included funding for rent, down payments, and case management. Our goal is to help remove housing barriers for people in our community.

What are the types of service?

City Council divides this funding between two housing service areas.

Tenant-based Housing Assistance (TBHA)

TBHA provides temporary assistance to individuals who do not own their place of residence. Historically most projects under this category have served renters with financial assistance or supportive services. Landlord mediation or incentives have also fallen into this category. Not everyone captured by this funding may be a formal tenant. Projects serving homeless individuals would most often qualify as TBHA projects.

EHO provides temporary assistance to current or future homeowners. Historically most projects under this category have provided:

Down payment assistance for first-time homeowners.
Mortgage assistance to assist current homeowners.

Some services in this category may serve current tenants. Equity building projects for future homeowners would qualify as EHOA projects, even if they are currently renters.

How Does it Fit with ‘Housing SLC’?

This program aligns with the current city housing plan, ‘Housing SLC.’ All community projects funded by FOF must align with this plan.

A Brief History of Services

Funding Our Future began in 2018. The City made it as a part of the new city housing plan, ‘Growing SLC.’ Affordable housing investment was split into several service areas. Some of the areas aligned with the goals in ‘Growing SLC.’ Some new or existing community partnerships joined Funding Our Future. These service areas were:

Incentivized Rental Assistance
Service Models for the Most Vulnerable Populations
Marketing Home Ownership
Shared Housing (with the Road Home)

The next year, the City created 2 new areas and added 1 existing partnership. These were:

Build a More Equitable City
Expanded Housing Opportunity
House 20 (with the Road Home)

The City later added Mortgage Assistance in response to the 2020 COVID pandemic. Most recently, 2 short-term service areas were created as a part of the city ‘Thriving in Place’ plan. These are:

Tenant Relocation Assistance
Tenant Resource Center

In 2025 City Council consolidated these service areas into the current 2 categories. They continued to set aside earmarked partnership funds specifically for tenant relocation assistance.

View Funding Our Future Statistics

A Local Funding Source

Our goal is to make this program responsive to the community. Because the funding comes directly from the City, it can best serve the needs of city resident’s.

APPLICATION INFORMATION